Approved 6-Unit Multifamily
16 Liberty Street Everett, MA 02149
16 Liberty Street, Everett, MA, 02149
$1,150,000
For Sale
$1,150,000
Fully approved for ground-up development of a 6-unit building with 2-bed, 2-bath apartments and 12 parking spaces.
Property Size1,742 SF
Price / SF$660.16
Days on Market91
Property Features for 16 Liberty Street
General Information
- Standard status
- Active
- Size
- 1,742 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
GDP Real Estate Group,LLC
Listed by
Gianni De Palma
(781) 878-2478
Source
Trufantre
Added: Apr 22 Updated: Jul 21 at 6:02AM Checked: Jul 21 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GDP Real Estate Group,LLC
Investment Insights
Based on property information with market context.
An approved development site at 16 Liberty Street in Everett, MA offers entitlement to build a ground-up single multifamily building containing 6 units. The plan calls for all six apartments to be configured with 2 bedrooms and 2 baths.
The site includes provision for 12 parking spaces, or two per unit. Approval was granted via the zoning board of appeals, supporting the proposed multifamily construction.
For developers, this is a zoning-approved pathway to deliver a compact, unit-focused residential building design on a single property site.
The site includes provision for 12 parking spaces, or two per unit. Approval was granted via the zoning board of appeals, supporting the proposed multifamily construction.
For developers, this is a zoning-approved pathway to deliver a compact, unit-focused residential building design on a single property site.
Key Highlights
- Fully approved ground‑up development for a 6‑unit building on an 8,000+ SF lot
- Zoning board of appeals approval for building 6 units in a single ground‑up structure
- All units feature 2 bedrooms and 2 bathrooms
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.5k | $38.16 |
| − Vacancy | −$3.5k | −$1.98 |
| EGI | $63.0k | $36.18 |
| − OpEx | −$28.4k | −$16.28 |
| NOI | $34.7k | $19.90 |
1,742 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$495.1K
$433.3K – $577.7K
NOI $34,660 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$902.4K – $1.20M
NOI $72,188 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully approved for ground-up development of a 6-unit building with 2-bed, 2-bath apartments and 12 parking spaces.
Where is this apartment building located?
The property is located at 16 Liberty Street Everett, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Fully approved ground‑up development for a 6‑unit building on an 8,000+ SF lot; Zoning board of appeals approval for building 6 units in a single ground‑up structure; All units feature 2 bedrooms and 2 bathrooms
